Alufluoride gains on incorporating step-down subsidiary
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Alufluoride is currently trading at Rs. 327.50, up by 5.85 points or 1.82% from its previous closing of Rs. 321.65 on the BSE.
The scrip opened at Rs. 321.00 and has touched a high and low of Rs. 332.90 and Rs. 321.00 respectively. So far 13965 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 415.05 on 11-Jan-2022 and a 52 week low of Rs. 195.90 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 332.90 and Rs. 305.25 respectively. The current market cap of the company is Rs. 255.73 crore.
The promoters holding in the company stood at 59.85%, while Institutions and Non-Institutions held 1.33% and 38.82% respectively.
Alufluoride has incorporated a step-down subsidiary in the name 'Jordanian Renewable Aluminium Fluoride Manufacturing Company PSC’ in Hashemite Kingdom of Jordan on November 3, 2022. To expand the business operations, the step-down subsidiary was incorporated.
Alufluoride is engaged in producing Aluminium Fluoride. The company makes continuous efforts to conserve energy at various levels of operations, to save power, fuel oil and cost. These efforts have resulted in significant reduction in energy consumption.
